shows a classic transition from a long-term downtrend into a potential recovery phase. After a sharp decline in late 2024, the stock spent most of 2025 in a sideways consolidation. It found a solid support at the 350–360 level.
The breakout recently in early 2026 the stock broke out of this long accumulation zone with a sharp vertical move. Current structure the daily candles are forming Higher Highs and Higher Lows confirming that the short-to-medium-term trend has shifted from bearish to bullish.
Recently resistance the next big hurdle is the 460–480 zone. This was a previous peak and we can expect some selling pressure there. Recently support the price is currently hovering around 432. A strong support zone has formed between 410 and 420. If the stock dips this is where buyers are likely to step back in.
For new positions it is better to wait for a slight pullback toward 420 rather than buying at the top of a green candle. Profit taking if you are holding from lower levels consider booking partial profits near the 460 mark. Keep a trailing stop-loss below 400 to protect your capital.
Technical analysis is based on historical patterns and does not guarantee future results. Always use a Stop-Loss to manage your risk.